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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED)<br />
18. TRUSTEE INDEMNITY INSURANCE<br />
The insurers of the Archdiocese provide Trustees’ indemnity insurance at nil premium.<br />
19. COMMITMENTS<br />
At 31st December 2021, the projects for the School Building Programme had a budget cost going forward of £0.00m (2020<br />
£1.23m) for the following twelve months. Of this sum, £ 0.00m (2020 £1.11m) is due to be funded by DFE grant, £0.12m (2020<br />
£0.12m) will be recoverable from Governing bodies or other parties leaving £Nil (2020 £Nil) to be met by the Archdiocese<br />
over the next three years.<br />
20. RELATED PARTY TRANSACTIONS<br />
The Most Reverend John Wilson and The Reverend Monsignor Matthew Dickens VG, two of the Trustees are members of Kent<br />
Catholic Schools Partnership (KCSP). A credit facility was provided to KCSP. The balance due from KCSP at 31 December 2021<br />
is £225,155 (2020- £447,155). No interest is charged on this facility<br />
The Most Reverend John Wilson and The Reverend Monsignor Matthew Dickens VG, two of the Trustees, are members of St<br />
Matthew Academy. No payments were made to St Matthew Academy in 2021 (2020- £Nil). The balance due at 31 December<br />
2021 and 31 December 2020 was £Nil.<br />
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